Lu.com Taishan Finance January 5 (Reporter Wang Yaqian) 2020 just passed, and now is the "highlight" moment for major companies to "summarize the past and look forward to the future". However, recently several well-known wine companies have "fallen" in this matter. On the evening of January 4, Yibin Wuliangye Co., Ltd. ( Wuliangye .000858.SZ) and Jiuguijiu Co., Ltd. ( Jiuguijiu .000799.SZ) respectively received letters of concern and regulatory letters for public disclosure of performance information in violation of regulations. Not long ago, Gao Weidong, chairman of Kweichow Moutai .600519.SH, and Li Qiuxi, then chairman of Shanxi Xinghua Village Fenjiu Factory Co., Ltd. (Shanxi Fenjiu.600809.SH), both were "involved" because of "reporting good news" in advance.
Information disclosure is not standardized. The Shenzhen Stock Exchange issued a letter of concern to Wuliangye
Luwang Taishan Finance reporter learned from the official website of the Shenzhen Stock Exchange that yesterday, Wuliangye received a letter of concern from the Shenzhen Stock Exchange and was asked to explain the media's report that " Wuliangye Group's revenue exceeded 110 billion yuan in the first 11 months of last year" and explained whether the information disclosed at the "1218 Consultation and Co-construction and Sharing Conference" is information that has a significant impact on the company's stock trading price.
letter of attention requires Wuliangye to combine the revenue of previous years, the proportion of net profit in Wuliangye Group's revenue and net profit, and the accounting treatment method of Wuliangye Group's investment income on the listed company, etc., to explain the degree of correlation between the operating performance of Wuliangye Group and the operating performance of listed companies, and on this basis, explain whether the information disclosed at the above meeting is information that has a significant impact on the stock trading price of listed companies.
In addition, the letter of concern also requires Wuliangye to combine the company's internal disclosure control system and procedures, and related requirements for insider management, etc., to explain the procedures and insider registration of insiders that the company must perform for providing relevant financial data to Wuliangye Group. It also checks whether the directors, supervisors, senior management personnel and other insiders of the listed company have leaked insider information or used insider information to conduct securities transactions, and further explains the effective measures taken by the company to ensure the security of insider information.
Publish important information illegally Jiuguijiu stalls
Coincidentally, yesterday, Jiuguijiu also received a regulatory letter from the Shenzhen Stock Exchange. The regulatory letter shows that listed companies and directors, supervisors and senior management of the company themselves release important information involving the company's operations through illegal information disclosure channels, which violates relevant regulations.
On the morning of December 28, 2020, Jiuguijiu released a report titled "2020 Jiuguijiu creates history, 2021 Jiuguijiu takes off!", saying that the company held its annual dealer conference on the afternoon of December 26, 2020, and more than 1,000 dealers, news media and industry guests from all over the country attended. Cheng Jun said at the dealer conference that the company's sales target is "breaking over 3 billion, exceeding 5 billion, and striving to move towards 10 billion."
According to the annual reports of previous years disclosed by Jiuguijiu , the company achieved operating income of 878 million yuan, 1.187 billion yuan and 1.512 billion yuan from 2017 to 2019, respectively; according to the third quarter of 2020 disclosed by the company, the listed company achieved operating income of 1.127 billion yuan in the first three quarters of 2020.
Shenzhen Stock Exchange Company Supervision Department stated that Jiuguijiu releases important information involving the company's operations through illegal information disclosure channels, which violates the relevant provisions of the Shenzhen Stock Exchange's "Stock Listing Rules" and the Shenzhen Stock Exchange's "Guidelines for Standardized Operation of Listed Companies". Cheng Jun's above behavior also violates the relevant provisions of the Shenzhen Stock Exchange's "Stock Listing Rules" and the Shenzhen Stock Exchange's "Guidelines for Standardized Operation of Listed Companies".
Report good news in advance. The then chairman of Shanxi Fenjiu was "attention"
reporters noticed that on the last day of 2020, the Shanghai Stock Exchange issued a decision to give regulatory attention to Li Qiuxi, then chairman of Shanxi Fenjiu. The reason is that at the Fenjiu Group's 2020 Global Distributor Conference, it disclosed in advance the positive news of the group's significant increase in revenue and net profit in 2020.
decision shows that the information related to Fenjiu Group released by Li Qiuxi directly involves the company's 2020 operating performance that has not been disclosed, and is information that may have a significant impact on the company's stock trading price and investor decisions. As the then chairman of the company, Li Qiuxi released important information involving the company's operations through illegal information disclosure channels. The above behavior violated the relevant provisions of the "Shanghai Stock Exchange Stock Listing Rules" and the promises made in the "Declaration and Commitment of Directors (Supervisors, Senior Management Personnel).
It was found that on December 26, 2020, Shanxi Fenjiu controlling shareholder Shanxi Xinghua Village Fenjiu Group Co., Ltd. (hereinafter referred to as Fenjiu Group), held a 2020 global dealer meeting. Li Qiuxi, the company's then chairman, said at the meeting that Fenjiu Group's revenue is expected to grow by 17% in 2020, and its total profit is expected to grow by 60% year-on-year. It is expected to rank among the top in the industry for the whole year, and its year-on-year profit growth rate continues to remain the first in the industry.
According to the company's 2019 annual report and related announcements, the company's operating income and net profit in 2019 account for 98% and 113% of the controlling shareholder's operating income and net profit respectively. The company is the main source of income and profit of the controlling shareholder, and its operating performance is highly related to the controlling shareholder.
"Unauthorized" reveals performance Kweichow Moutai Chairman also got involved
At the end of last year, in addition to the company's annual performance information in advance at the dealer conference, the Shanghai Stock Exchange also issued a decision on the supervision and attention of Gao Weidong, the then chairman of Kweichow Moutai Liquor Co., Ltd.
Company announced that Chairman Gao Weidong released important information related to the company's operations through illegal information disclosure channels, which violated Article 17.1 of the "Shanghai Stock Exchange Stock Listing Rules" and the "Implementation Measures for Disciplinary Punishment and Supervision Measures of the Shanghai Stock Exchange" and was given regulatory attention. Information on
supervision letter shows that on December 16, Gao Weidong disclosed privately at the National Dealer Association of Kweichow Moutai Annual Sauce Series Wine. It is expected that the sales volume of sauce-flavored series wines can be completed in 2020, with sales of 10.6 billion yuan, a year-on-year increase of 4%. At the same time, many media reported on the content of the conference.
The Shanghai Stock Exchange stated that the listed companies in the liquor sector have recently received widespread attention from investors and the media. The production and sales status and performance information of related companies are hot information that the market is highly concerned about, and may have a great impact on the company's stock trading and investor decisions. As the chairman, Gao Weidong released important information involving the company's operations through illegal information disclosure channels.
Source: Luwang
